129773869007968750_40March 27 Fund: the new spring is approaching and grasp the shock market mobile phone free www.cnfol.com March 27, 2012 Fund NET editorial staff comment on Wang Xuebing: 2012 is the blue chip investment year of sowing captures high quality without malice unit Xuebing Wang Xuebing Wang: Peng Hua value selected ⊙ Reporter An Zhongwen Huang Jintao proposed Fund Manager a-share market squeeze foam Fund Manager makes the process of pursuing long-term investment opportunities, current valuations after the sharp correction in the early experiences of the a-share market, blue chips have a higher appeal. Wang Xuebing penghua Fund proposed to value selected fund managers interviewed by the Shanghai Securities News said,Valuations cheap blue chips this year is first choice for medium-and long-term investment, in the adjustment of future investment opportunities is to accurately capture high quality low estimates were wrong to kill. Despite the tight monetary policy this year from last year to moderate and fine-tune the transition in time, started to ease liquidity in the market increasingly optimistic. But Peng value selected to be appointed manager of China Wang Xuebing, the current should be more cautious market。 Wang Xuebing pointed out to reporters, after growth of the target back to the foreground, may release some measure of liquidity, such as reserve requirements lower, local pension funds into the stock market
tera gold, and so on, but also very obvious negative effect, mainly Bank loan limits, as well as the international exodus of capital, and so forth, might be a good form a hedge. Liquidity as a whole might not be from a year outLoose, it may not be as markets because of rising optimism after. But on the other hand, current market valuations of the fund managers are also attractive. Wang Xuebing considers due to macro-and liquidity in the future judgment, market valuation adjustments are more, especially after dropped sharply last year, the entire market valuations are low, in particular certain weight plates
tera gold,Relatively mature markets have a significant discount.A small, whole markets were mixed state of dilemma. From a more long-term perspective, the Fund Manager clearly understanding relatively optimistic on the longer-term trends.Should be the most crucial period to address this issue. 18 is a very obvious observation window, can bring about a smooth transition is a very sensitive time window.Blue chips of the selected value Fund seems to be more popular cheap valuations. Wang Xuebing told the Shanghai Securities News said, overall, we mainly considered to underestimate the value of the Fund, looking for investment opportunities in the consumer, stabilized assets, does not rule out periodic stage investment asset, we firmly believe that fundamental research are the foundation of long-term investments, we follow the principle of investment security, Reverse thinking, focused investments, long term hold. Wang Xuebing said further, penghua value when selected funds in select industries, first look at its valuation levels, others have seen its profitability, with valuations on the basis of profitability and selected industry, but the Fund is not just choose the cheaper, and also to determine the profitability of industry trends. Units selectSurface, aimed primarily at listed companies with a competitive advantage, especially to catch those mistakes kill quality undervalued by the market.Some banks and transport stocks, 2010 dividends after tax rate of return, at around 4%, clearly beyond the one-year time deposit, the company net profit in 2011, market expectations also have about 20% growth, in other words 2011 dividend yield is higher than the data. In his view, the current blue chip is a very low valuations, other thanA more attractive destination for stable dividends, under If you look forward to the future market improves, currently hold blue chip price/performance is very good. It is worth mentioning that, penghua Fund selected high value positions the product design, Wang Xuebing to this view from the surface to understand high positions Fund does have some inconveniences in the on position adjustment
tera power leveling, easy to understand cannot avoid declines in stock market risk, but because ofPenghua value selected mainly for the valuation of the investments of the Fund has attractive blue-chip variety, so the downside risk is manageable. And from the actual statistical studies have shown that positions frequently choose to fund contribution is not obvious, or even a negative contribution. So it positions the selection relatively narrow to enable fund managers to focus more energy on industry configuration and on the individual stock selection, more conducive to the baseGold performance medium and long-term performance. (Shanghai Securities News)
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